Growing, but not adding up: The AI revenue paradox for TCS, Accenture
Alongside, Tata Consultancy Services (TCS), India’s largest company in the industry, reported a 38% y-o-y rise in revenue from AI-led services in constant currency terms—to $1.5 billion annualized as of September—compared to 2-9% growth ($9.5 billion revenue) for other new-age services such as cybersecurity, IoT, enterprise solutions, cloud, and interactive. Constant currency does not take currency fluctuations into account.
